China PE import supply from Iran may tighten on plant turnarounds – China’s supply of imported polyethylene (PE) from Iran may tighten over the next three months due to scheduled maintenance at major Iranian facilities – China PE import suppl Iran

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China PE import supply from Iran may tighten on plant turnarounds

 Source:ICIS News

SINGAPORE (ICIS)–China’s supply of imported polyethylene (PE) from Iran may tighten over the next three months due to scheduled maintenance at major Iranian facilities.

China PE import suppl Iran

On 18 May, high density PE (HDPE) film import cargoes were offered at $1,350-1,420/tonne CFR China, with those from Iran mostly quoted at the $1,400-1,420/tonne CFR China range.

Chinese PE importers, meanwhile, are also wary of the US’ imposition of sanctions on Iran as this would mean increased difficulty in doing cargo payments.

Several Chinese distributors have had to use third parties to remit payments for Iranian cargoes via Dubai to go around the financial sanctions.

Market players expect the sanctions to be tighter this time around.

China PE import suppl Iran

In the meantime, some Chinese buyers have been receiving requests from some Iranian suppliers to make payments in euros instead of US dollars in the future.

Payment problems may prompt some Chinese traders to reduce procurement of Iranian cargoes.

Last year, China’s PE imports from Iran increased to 1.97m tonnes – backed by expansion in Iranian PE capacity – but their share to the total has slipped to 16.7% from 18.9% in 2016, official data showed.

The import volume from Iran could have been bigger if not for the payment issues, which had prompted some Chinese distributors to give up purchasing Iranian cargoes last year.

Iran’s share to China’s total PE imports may continue to decline this year amid the payment issues, with Chinese banks restricting granting of letters of credits (LCs) on transactions involving Iranian cargoes.

Still, Iran has sufficient volumes that attract cash-rich Chinese distributors for hedging activities.

China’s overall PE imports in May to July are expected to remain high despite reduced supply from Iran. Given the market’s comparatively high prices, particularly for HDPE, China has been attracting supply from the US, Brazil and southeast Asia this week.

China PE import suppl Iran

Huge shale-based PE production that recently started up in the US may find also their way into China in the third quarter.

Since concerns about a possible trade war “between China and US [have] not subsided, and the shipment of American cargoes might be delayed due to the unstable operation of new plants, we also hold [a] cautious attitude toward the purchase of American cargoes,” an east China-based distributor said.

The distributor has bought “a lot of American cargoes [for third-quarter arrival]… due to the possible absence of Iranian imports”.

Focus article by Angie Li

Picture: The South Pars gas field in Iran’s southern port of Asaluyeh, Iran (Source: KeystoneUSA-ZUMA/REX/Shutterstock)

By Angie Li
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IHS Markit: Sustainability is key to future of plastics industry – An analysis by IHS Markit, with global headquarters in London, says growth in polyethylene (PE) demand is being met with new market pressures, such as a rise in consumer expectations around sustainability and tightening environmental regulations in key growth markets such as China, that threaten the future of plastics demand growth – IHS Markit Sustainability plastics industry

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IHS Markit: Sustainability is key to future of plastics industry

Sustainability, recycling and reuse drive discussion at company’s PEPP Conference, June 26-28, 2018, in Düsseldorf, Germany.

Edited by DeAnne Toto

Conferences & Events International Recycling News Plastics
IHS Markit Sustainability plastics industry

An analysis by IHS Markit, with global headquarters in London, says growth in polyethylene (PE) demand is being met with new market pressures, such as a rise in consumer expectations around sustainability and tightening environmental regulations in key growth markets such as China, that threaten the future of plastics demand growth.

“As more consumers in developing countries such as China and India increase their spending power and join the global economy, we are witnessing truly phenomenal growth in demand for the key plastics that are critical to so many of the products and life essentials we rely on every day, such as cellphones, computers, food and beverage packaging, clothes, cars and even life-saving medical devices,” says Nick Vafiadis, the Houston-based vice president of plastics for IHS Markit. “That consumption growth, though, comes with greater expectations and responsibility, both for plastics producers and consumers.”

He continues, “We at IHS Markit are focused on how producers and consumers can work together to address the issues of sustainability and management of plastics recycling, reuse or waste reduction. This issue is top of mind for plastics industry leaders.”

Addressing sustainability while managing increasing demand and environmental regulations will be key topics of discussion at the PEPP 2018: Polyethylene and Polypropylene Chain Global Technology and Business Forum, June 26-28, in Dusseldorf, Germany, according to IHS Markit, which is organizing the event. Chemical and plastics industry leaders representing the plastics value chain—resin producers, processors, brand owners and those involved in recycling and reuse—will address the issue of sustainability during the event. On the agenda are policy makers and influencers, including the World Plastics Council and PlasticsEurope; resin producers BorealisLyondellBasell and SABIC; major converters, including Amcor and Constantia; as well as brand owners, including the Coca-Cola Co. and Nestlé S.A.

“In my conversations with the leaders of plastics resins producers and manufacturers, it is clear the plastics industry understands the need to be very proactive in embracing sustainability across the entire supply chain,” Vafiadis says. “This includes leading stakeholder discussions and finding ways to partner with retailers, consumers, recyclers and even with designers to plan for second-life uses for products after they are initially consumed. We are excited to be in Germany for this discussion since Europe leads the world in sustainability innovation.”

By 2022, global PE demand is expected to reach 120 million metric tons annually, while global demand for polypropylene (PP) is expected to be just under 90 million metric tons. Much of that growth is being driven by China, IHS says, which accounts for about 60 percent of new global plastics demand growth. China’s ban on importing plastic scrap for recycling plus the global growth of online shopping trends are helping increase demand for virgin plastics material, according to the global business information provider.

At the PEPP Forum, Jim Seward, chairman of the World Plastics Council and vice president of joint ventures and international business at LyondellBasell, examines the role of plastics in the 21st century. Karl Foerster, executive director of PlasticsEurope, addresses increasing environmental sustainability requirements, including the new European policy to move to 55 percent recycled content by 2025, and how those changes will affect the plastics industry.

“As announcements of additional polyolefins capacity and images of plastic pollution share the headlines globally, the need for a differentiated and sustainable plastic industry is emerging,” Vafiadis says. “The transition from a linear (take-make-dispose) economy to a circular economy (recover-innovate-reuse) represents a shift to ensure industry sustainability and value creation.”

Andrea Landuzzi, global marketing director, technology solutions-polymer additives for Solvay, discusses examples of how purpose-driven product development that leverages high-performance stabilizers can enable the polyolefins industry to become more economically and ecologically sustainable.

Hartmut Siebert, technical marketing manager/packaging for Clariant Plastics & Coatings AG, and Sander Koster, group leader for packaging food safety at Nestlé S.A., discuss safety in food packaging, while Izabela Lomacka, global procurement director, closures, labels and shrink film, for the Coca-Cola Co.’s Cross-Enterprise Procurement Group, discusses consumer packaging trends and sustainability.

Catherine Malchaire, technical sales manager, Europe, business unit polymer stabilizers at Songwon International AG, looks at this dichotomy between consumer demands and market realities.

Enrico Dolce, product development and sales manager, Fater AHP Recycling Business Unit discusses turning waste into usable raw materials.

“The issue of sustainability is perhaps the most critical influencer for the plastics industry as a whole, both today and in the future,” Vafiadis says. “Many communities across the globe are exploring bans on plastic bags, but marine waste is an issue that the plastics industry must take a leadership role in addressing because the industry has learned it needs a cooperative, multiorganizational approach that brings all the stakeholders together to solve such a very complex problem. Based on our discussions with industry leaders, that challenge is something they are committed to addressing, and it will be the overarching focus of our PEPP 2018 Business Forum.”

To register for PEPP 2018, visit https://ihsmarkit.com/events/pepp-2018/registration-fees.html.

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Most of SA’s waste is still going to landfill sites instead of being recycled – However, there is a growing awareness of recycling, Mpact says, and South Africans ‘are taking action and making a concerted effort to do the right thing’ – South Africa waste recycled

South Africa waste recycled

Mpact recycling operations in Tulisa Park, southeast of Johannesburg. Picture: SUPPLIED

More than 80% of waste that could be recycled ends up in landfill sites, but SA is improving, packaging group Mpact says.

“The environmental impact of recycling is enormous. According to the Department of Environmental Affairs’s South African Waste Information Centre, more than 19.2-million tonnes of general waste and one-million tonnes of hazardous waste went to SA’s 133 landfill sites in 2017,” Mpact Recycling MD John Hunt said in a media release on Friday.

“We are running out of landfill space in SA. In 2016, three landfill sites were closed in Pretoria. These are sites that were meant to have an additional lifespan of about 25 years”.

According to the Paper Recycling Association of SA, the annual paper recovery rate has increased by 2% year-on-year since 2012 and is currently at 68.4%. PET Recycling Company (Petco) reports that plastic bottle recycled tonnage has increased more than nine-fold since 2005.

“These figures point to a growing awareness of recycling, but more importantly they show that South Africans are taking action and making a concerted effort to do the right thing,” Mpact’s media release said.

Recycling also helps to address some of the country’s social ills such as unemployment and poverty.

“Recycling has helped create work opportunities for more than 100,000 people, according to the Paper Recycling Association,” Hunt said.

Mpact Recycling collects about 630,000 tonnes per year of recovered paper and plastic. The paper goes to the Mpact Group’s paper mills for processing into recycled-based cartonboard and containerboard and the PET bottles go to its recycled PET plant, Mpact Polymers, for producing recycled PET bottles.

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PET Exports – winsome, lose some – The latest episode in the exports of PET to the EU marks another victory for Pakistan as the WTO rejected the appeal and decided in Pakistan’s favour – PET Exports PET EU marks

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PET Exports – winsome, lose some

 BR RESEARCH 

The latest episode in the exports of PET to the EU marks another victory for Pakistan as the WTO rejected the appeal and decided in Pakistan’s favour. To give a bit of background, EU’s countervailing duty of 5.1 percent on PET imports from Pakistan expired in 2015. The government of Pakistan took the case to WTO a few months before the expiry because traditionally EU does not renew trade restrictions of this sort if they have been challenged in the WTO. Pakistan won that ruling, which EU appealed and Pakistan won again this week.

PET Exports PET EU marks

So far so good. Before 2010 when Pakistan did not face countervailing duties from EU for PET, nearly 70 percent of Pakistan’s exports found a market there. Since then however, Pakistan shifted its focus to US which till the last fiscal year accounted for the bulk of the exports. In December last year however, US began an investigation regarding whether PET imports from Pakistan, among other countries, are causing an injury to US producers.

Unfortunately, but not unsurprisingly, this is not a battle Pakistan won. The US Department of Commerce’s preliminary determination was that PET from Pakistan, along with Brazil, Indonesia, Korea, and Taiwan is sold in America at less than fair value. Thus cash deposits will be collected at the border from importers of resin which in Pakistan’s case are at 7.75 percent, starting this month.

US’s neighbour has given friendlier treatment to Pakistan’s PET exports though. This year, Canada withdrew a preliminary anti-dumping duty of 5.5 percent imposed on Pakistan’s PET imports. However, the basis of the judgment was that the volume of subsidized goods originating from Pakistan was too negligible to materially impact local manufacturers. Last fiscal year Pakistan’s exports to Canada were $22.5 million. Thus, if exports to US were to be diverted to Canada, it is possible that the duties would be slapped back on.

So while Pakistan’s PET exporters have cause to celebrate the freedom to export to EU, they have lost the North American market.

Copyright Business Recorder, 2018

 

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RIL’s used “PET bottle” reverse vending machine inaugurated in Mumbai – Reliance Industries (RIL) on Thursday said that Shiv Sena Leader Aaditya Thackeray has inaugurated its “post-consumer (used) PET bottle Reverse Vending Machine” (RVM) in Mumbai – RIL PET bottle reverse vending machine Mumbai

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RIL’s used “PET bottle” reverse vending machine inaugurated in Mumbai

RIL PET bottle reverse vending machine MumbaiMumbai,  (IANS) Reliance Industries (RIL) on Thursday said that Shiv Sena Leader Aaditya Thackeray has inaugurated its “post-consumer (used) PET bottle Reverse Vending Machine” (RVM) in Mumbai.

According to the company, the machine is located at Sahakari Bhandar store, Prabhadevi, near Siddhivinayak Temple in Mumbai.

“RIL, one of the largest recycler of used PET bottles in India, has started this initiative to keep the city and country clean, restricting the PET bottles from going into the landfill,” the company said in a statement.

“RIL has firmed up the plan to install more such machines at 12 different Reliance Retail’s Reliance SMART and Sahakari Bhandar stores in Mumbai before ‘The World Environment Day’, 5th June 2018.”

As per the statement, to encourage “people to bring empty PET bottles and put it into vending machines, these machines will be equipped to dispense discount coupons when a person puts in PET bottle for shredding”.

ALSO READ:   Cochin Port Trust makes profits after decade

“RIL will collect the shredded PET bottles and send it to its PET recycling facilities at Barabanki, UP and Hoshiarpur, Punjab, where the world’s greenest Recron GreenGold fibres are being manufactured,” the statement said.

“Reliance Industries, the owner of brand R|Elan GreenGold, is one of the largest recycler of PET bottles in India, recycling 2.2 billion PET bottles a year.”

–IANS

rv/bg

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What is the perfect price for oil? – When it’s too high, consumers start freaking out and using less. When it’s too low, oil companies cut back operations and lay off thousands of workers – Perfect price crude oil

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What is the perfect price for oil?

 Are higher energy costs a risk to the economy?

Perfect price crude oil When it’s too high, consumers start freaking out and using less. When it’s too low, oil companies cut back operations and lay off thousands of workers.

Opinions on where the sweet spot currently lies differ widely, but analysts and strategists say it’s probably somewhere between $60 and $70 per barrel.

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“If you are asking what price is high enough to sustain supply and low enough to sustain demand and perpetuate today’s largely balanced global market, it is probably in the neighborhood of $65,” said Sarah Emerson, a leading energy strategist at ESAI Energy.

Emerson added that the “perfect or ideal oil price” would depend on whether you’re a producer, consumer or regulator.

Still, some analysts believe that oil markets can achieve a delicate balance that works for most.

Oil market specialists at EY noted last month that oil markets in the first three months of this year “converged to a sustainable equilibrium.”

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